Author: NBTC

Institutional ethereum investment via ETFs reached a historic — and dismal — milestone yesterday when for an entire day on Wall Street, zero net new US dollars flowed into spot ether ETFs. Known as ‘daily total net flow’ or simply ‘flows’ in crypto parlance, this metric sums the total amount of money invested into spot ether ETFs (inflows) against the total amount of money withdrawn (outflows) on a daily basis. The intention of the metric is to communicate how much effect the spot ether ETFs — distinct from other investment vehicles like spot or derivative purchases — contribute to ether’s…

Real-world asset platform Midas announced Tuesday an expansion in access to its tokenized U.S. Treasury bills and yield-bearing carry trade products to retail users after acquiring a regulatory green light in Liechtenstein. This means that Midas removed the $100,000 minimum investment requirement and investor accreditation process for its mTbill and mBasis tokens, and has also steamlined the process for investing in the tokens to make them available with as little as “one-click.” The tokens are accessible globally excluding the U.S. and sanctioned countries, the company said. The issuance of the products received regulatory approval from Liechtenstein’s Financial Market Authority, and…

Cardano focuses on providing financial services to unbanked populations, aiming for greater economic inclusion in developing regions. Solana’s Proof of History technology enables it to process thousands of transactions per second, attracting a growing developer base. Polygon’s multi-chain architecture enhances scalability, drawing projects in DeFi and NFTs, thereby increasing demand for its native token, MATIC. New blockchain technologies such as Cardano, Solana, Polygon, Arbitrum, and Polkadot are redesigning the digital economy, solving vital problems such as financial accessibility, transaction speed, the system’s capacity, and compatibility. Each project offers unique solutions, from energy-efficient consensus mechanisms to low-cost transactions. Together, they are…

Moonveil Web3 gaming innovator has announced the upcoming launch of its gamer-centric L2 solution testnet. The novel ZK-enabled network is powered by Polygon Chain Development Kit. Moonveil releases its own L2 on Polygon CDK in testnet Web3 game development studio Moonveil announced the upcoming release of its own L2 blockchain, dubbed Moonveil Chain. It leverages Polygon Chain Development Kit and, therefore, relies on the latest developments in Polygon’s stack. 🚀 Get ready! 𝐓𝐡𝐞 𝐌𝐨𝐨𝐧𝐯𝐞𝐢𝐥 𝐙𝐊 𝐋𝐚𝐲𝐞𝐫 𝟐 𝐭𝐞𝐬𝐭𝐧𝐞𝐭 𝐢𝐬 𝐥𝐚𝐮𝐧𝐜𝐡𝐢𝐧𝐠 𝐬𝐨𝐨𝐧, powered by @0xPolygon CDK and connecting to the Agglayer for next-level scalability and seamless gameplay.Don’t miss our 𝐟𝐮𝐥𝐥𝐲 𝐨𝐧-𝐜𝐡𝐚𝐢𝐧…

Ethereum price drops to $2,420, losing 4% in a week and falling below $300B market cap. Technical analysis shows bearish signals on 4-hour chart, with potential drop to $2,150. On-chain data indicates crucial support at $2,300, where 2.77M addresses hold 52.65M ETH. Ethereum (ETH) finds itself navigating turbulent waters as its price experiences a notable decline, raising concerns about the sustainability of key support levels. Currently trading at the $2,400 level, ETH has recorded a 2% drop in the past 24 hours and a more substantial 4% decrease over the past week. This downward movement has pushed Ethereum’s market capitalization…

American financial giant State Street is exploring blockchain technology to tokenize bonds and money market funds for enhanced collateral management. State Street, the largest custodian bank in the world, is leveraging blockchain to explore the tokenization of bonds and money market funds, joining a growing number of firms adopting distributed ledger technology in traditional finance. In an Oct. 8 interview with Financial News, State Street chief product officer Donna Milrod said the firm has two ongoing projects focused on tokenizing collateral linked to money market funds and bonds, adding that the pilot “will take us through part of next year.”…

On Oct. 2, the US Securities and Exchange Commission filed a notice of appeal in the Ripple lawsuit seeking to overturn an earlier ruling. The agency has appealed a 2023 verdict set by Judge Torres, which ruled that secondary sales of Ripple’s XRP token did not constitute securities sales. The judge ruled that XRP failed to satisfy all the conditions for the SEC’s Howey test to be classified as an investment contract. The filing was shared by defense lawyer James Filan on X. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The @SECGov has filed a Notice of Appeal of Judge Torres’s…

Cardano founder Charles Hoskinson took to X to point out a major use case for blockchain-based Decentralized Science (DeSci). His statement on X came as a response to an earlier post by Mushtaq Bilal, an X user recognized for his proficiency in academic writing. Authors and reviewers at mercy of publishers Bilal provided a breakdown of major academic publishers’ revenue and highlighted the payments given to authors and reviewers. Top academic publishers like Elsevier earn as much as $3.9 billion in revenue. Springer Nature earns $2 billion, Wolters Kluwer $1.6 billion and Wiley $1.8 billion. Bilal lists Taylor & Francis,…

MicroStrategy CEO Michael Saylor has shared his bullish forecast on Bitcoin amid SEC’s approval of BTC ETFs options. In his recent post on X, he wrote that this approval will lead to a broader institutional adoption of Bitcoin. The approval of options for $IBIT will accelerate institutional #Bitcoin adoption. 🚀 https://t.co/BontWrHhOt — Michael Saylor⚡️ (@saylor) September 20, 2024 On Friday, the U.S. Securities and Exchange Commission (SEC) approved the listing and trading of options for asset manager BlackRock’s spot Bitcoin exchange-traded fund (ETF) on the Nasdaq. The release regarding the decision was published on the official SEC website. The iShares…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Trendy new apps don’t tend to last long in crypto — except, apparently, for pump.fun. After a tame September, memecoins have returned to prominence in recent days, with the Solana-based launchpad seemingly leading the way. The app, which seemed past its heyday just weeks ago, has recorded 12 straight days of at least $900,000 in revenue, according to a Dune dashboard. The last time it pulled that off was *checks notes* never. MOODENG, a pump.fun token based on a…